Food Fortifying Agents Market Report Online
The Global Food Fortifying Agents market size was estimated at USD 87.15 billion in 2023 and is projected to reach USD 168.75 billion in 2030 at a CAGR of 9.90% during the forecast period 2023-2030.
Food fortification is the practice of adding micronutrients to food products to improve their nutritional content. This is done to address micronutrient deficiencies in the population, which can lead to a number of health problems, including anaemia, blindness, and impaired cognitive development.
There are a number of different micronutrients that can be added to food, including vitamins, minerals and proteins. The most common micronutrients added to food are vitamin A, iron and iodine.
The global food fortifying agents’ market can be segmented by type, which includes vitamins, lipids, proteins, amino acids, prebiotics, probiotics, carbohydrates, minerals and others. Based on application the market can be bifurcated into dairy and dairy based products, infant formula, cereals and cereal based products, dietary supplements, fats and oil beverages and others.
The market is majorly being driven by the increasing awareness of food fortification, growing prevalence of chronic diseases and the rising disposable income of consumers.
The COVID-19 Pandemic had a positive impact on the global food fortifying agents’ market as people became more conscious while selecting foods. As people became more health conscious, there was an increase in the demand of plant-based nutrition which is sustainable and regenerative and food and beverages that provide a boost to the immunity which led to the growth of the market during COVID times.
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Last Update : Jul 28, 2023 6:14 AM
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